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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Big Dog who wrote (145040)	2/12/2011 9:52:54 AM
From: Bearcatbob	Read Replies (1) \| Respond to of 206359

That is an excellent question. I have pondered it since it was first brought to the board. It made me think back to my first car - a red Cutlass S with a black vinyl top and 350 V8. It cost I believe $3400. What would a car like that cost today?

To: Big Dog who wrote (145040)	2/12/2011 10:34:20 AM
From: MIRU	Read Replies (1) \| Respond to of 206359

BD, what you call "technology inflation" is termed a "hedonistic adjustment" or somesuch by the government economists. Putting a price tag on it is, of course, a judgement call. One suspects this gimmick covers up a lot of mischief. The most dramatic evidence we old guys have about the corruption of the purchasing power of the dollar is when we realize that our last car cost as much as our first house.